Expectation gap

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Auditors' reports on financial statements & other matters.

Auditors form, and report, an audit opinion about financial statements that they audit.

The auditors do not guarantee - nor certify - the amounts in the financial statements.

The incorrect belief that they do, is sometimes known as the audit "expectation gap".

Similarly incorrect - and excessive - expectations can also arise about other assurance work undertaken by external audit specialists.

See also

External link